Energy stocks rose Monday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each gaining 0.6%.
The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index added 0.5%.
West Texas Intermediate crude oil rose 1.2% to $61.60 a barrel, and global benchmark Brent advanced 1.3% to $65.37 a barrel. Henry Hub natural gas futures gained 2.4% to $3.41 per 1 million BTU.
In corporate news, W&T Offshore (WTI) stock jumped 15% after Chief Executive Officer Tracy Krohn bought about 286,800 shares, adding to holdings.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.